Good morning, Welcome to your daily crypto clarity
WHAT YOU NEED TO KNOW
After a positive day in the equity markets, Bitcoin and crypto prices have seen a strong rally.
Bitcoin dominance climbed on this recent move, pointing to further leadership out of Bitcoin relative to altcoins.
The talk of the town is Farcaster, a new platform for building decentralised social media applications.
FEATURED CHART
Here is Bitcoin since December of last year. The new highs list in crypto peaked two-months ago, and the price action since then has been choppy. The trading range to watch here is a zone between 45,000 and 40,000. With Bitcoin at the upper end of its range, we’re closely monitoring how prices fare over the coming days.
WHAT TO LOOK OUT FOR
All eyes are on 45,000. If Bitcoin can decisively breakout here, it could spell the end to this brief two-month consolidation and further upside.
If sellers step in here, the more likely scenario would be messier for longer.
You’re all caught up.
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